Custodial Services through NITA Account

City Bank's Custodial Services facilitate investment in the Bangladesh Stock Market through NITA (Non-Resident Investor’s Taka Account) for the following groups of investors:

  • Non-Resident Bangladeshis (NRBs)
  • Foreigners
  • Foreign Institutions

Benefits of City Bank's Custodial Services
  • It enables
    • NRBs to invest in the Bangladeshi Stock Market as well as IPOs (Initial Public Offerings) from anywhere around the world
    • Foreign individuals and foreign institutional investors to trade in Bangladesh Stock Market from anywhere around the globe
  • It holds the investors’ funds and shares/stocks in safe custody
  • Facilitates buy and sell of securities/stocks/shares through brokerage houses
  • Lodge IPO and Rights Share applications on behalf of the clients upon request
  • Collates information on the clients’ income from their investments in the stock market
  • Provides regular reporting of all activities along with managing transactions on behalf of the clients
  • Performs required foreign exchange transactions and also manages funds in NITA
  • Facilitates easy repatriation of the investors’ funds i.e. capital or principal investment, dividend and capital gains to the clients’ overseas bank accounts based on their instructions
Who can avail City Bank’s Custodial Services
  • All Bangladeshi nationals i.e. Bangladeshi passport holders who are residing/working abroad
  • Foreign passport holders with Bangladeshi origin
  • Foreign individuals
  • Foreign institutions
Deposits permitted to NITA Accounts
  • Inward Remittances
  • Transfers from Foreign Currency accounts
  • Refund Warrants of IPOs
  • Sale Proceeds of Shares
  • Dividends & Sale Proceeds from Bonus shares
How to Start
  • Open a Foreign Currency account with City Bank to remit foreign currency to your account
  • Open a NITA (Non-Resident Investor's Taka Account) with City Bank to make financial transactions for buying and selling of shares and also for receiving permissible deposits to NITA accounts
  • Open a BO (Beneficiary Owners) Account with City Bank to hold stock/shares purchased by you
  • Open a Trading Account with a Brokerage House to facilitate trading of shares/stocks at the stock exchange. City Bank will facilitate in opening this account

For further queries we request you to contact: